› Flat Chat Strata Forum › By-laws and outlaws › AGM and financial restrictions › Current Page
Thanks very much whale, that’s exactly what I need to know. So I’m clear,expenditure <30k needs to meet complicance of the act. Over 30> has to go to GM? Will this stop consultants fees without approval? It seems owners are uncertain about general expenditure if a budget is submitted, it’s the lack of specific items that appear to come in under the radar!
Its unfortunate that my scheme has a group of volunteers on the EC who make no effort to understand the Act and simply plough on making decisions without general resolutions. One even told me” I don’t worry about building changes by owners, I just want to enjoy living here ! “
Hopefully new owners at the AGM will bring experience with strata living.